The Deutsche Bank Terminates Relationship With Hellenic And RCB Banks
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12 Apr 2016
The Deutsche Bank terminates relationship with Hellenic and RCB Banks

Deutsche Bank

“The largest bank of Germany has terminated the transaction with the two leading bank in Cyprus due to concerns caused by their ties with Russia” – The Times reports.

Deutsche Bank halted the transactions with the Hellenic Bank and RCB Bank. The latter is described by the newspaper as “the former branch of the Russian VTB, which was mentioned in the Panama Files”.

However, quite recently Deutsche Bank was in the middle of scandal itself and was blamed for assisting Russian clients in money laundering.

Mr. Michael Maratheftis – the head of the public relations department of the RCB Bank has stated that he respects the decision of the Deutsche Bank and he thanked them for the cooperation.